Trinseo (TSE) Releases Q4 Earnings Guidance

Trinseo (NYSE:TSE) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.27-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.79. Trinseo also updated its FY 2018 guidance to $7.96-8.15 EPS.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Trinseo from a hold rating to a sell rating in a research report on Thursday, July 12th. ValuEngine raised shares of Trinseo from a sell rating to a hold rating in a research report on Tuesday, July 31st. MED reaffirmed a buy rating and set a $90.00 price objective on shares of Trinseo in a research report on Thursday, August 2nd. Barclays lowered their price objective on shares of Trinseo from $88.00 to $71.00 and set an equal weight rating for the company in a research report on Thursday, October 11th. Finally, Citigroup lowered their price objective on shares of Trinseo from $80.00 to $76.00 and set a neutral rating for the company in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $85.57.

Shares of NYSE:TSE traded down $1.98 during trading on Thursday, reaching $57.73. 312,800 shares of the company’s stock traded hands, compared to its average volume of 343,483. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 1.45. Trinseo has a 12 month low of $50.20 and a 12 month high of $85.35. The company has a market cap of $2.47 billion, a PE ratio of 7.10, a P/E/G ratio of 0.55 and a beta of 2.50.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, October 9th. Trinseo’s dividend payout ratio (DPR) is 19.68%.

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Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

See Also: Beta

Earnings History and Estimates for Trinseo (NYSE:TSE)

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